Gap Insurance Market, Global Outlook and Forecast 2022-2028

March 2022 | 109 pages | ID: G327C68D61CEEN
Market Monitor Global

Abstracts

Gap insurance is a type of auto insurance that car owners can buy to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount the insured owes on the vehicle's financing or lease agreement. This situation arises when the balance owed on a car loan is greater than the book value of the vehicle.

This report contains market size and forecasts of Gap Insurance in Global, including the following market information:

Global Gap Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Gap Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Finance GAP Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Gap Insurance include ALA, Admiral, AXA, Warranty Direct (BNP Paribas Cardif), AAA, Nationwide, Allianz, Cov?a Insurance and Direct Gap, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gap Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Gap Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Gap Insurance Market Segment Percentages, by Type, 2021 (%)

• Finance GAP Insurance
• Return-to-invoice GAP Insurance
• Vehicle Replacement GAP Insurance
• Return-to-value GAP Insurance
• Others

Global Gap Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Gap Insurance Market Segment Percentages, by Application, 2021 (%)

• Small Vehicles
• Heavy Trucks

Global Gap Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Gap Insurance Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Gap Insurance revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Gap Insurance revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• ALA
• Admiral
• AXA
• Warranty Direct (BNP Paribas Cardif)
• AAA
• Nationwide
• Allianz
• Cov?a Insurance
• Direct Gap
• Motoreasy
• Click4Gap
• Esurance
• USAA
• Allstate
• Progressive
• Zurich Insurance

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Gap Insurance Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Gap Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL GAP INSURANCE OVERALL MARKET SIZE

2.1 Global Gap Insurance Market Size: 2021 VS 2028
2.2 Global Gap Insurance Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Gap Insurance Players in Global Market
3.2 Top Global Gap Insurance Companies Ranked by Revenue
3.3 Global Gap Insurance Revenue by Companies
3.4 Top 3 and Top 5 Gap Insurance Companies in Global Market, by Revenue in 2021
3.5 Global Companies Gap Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Gap Insurance Players in Global Market
  3.6.1 List of Global Tier 1 Gap Insurance Companies
  3.6.2 List of Global Tier 2 and Tier 3 Gap Insurance Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Gap Insurance Market Size Markets, 2021 & 2028
  4.1.2 Finance GAP Insurance
  4.1.3 Return-to-invoice GAP Insurance
  4.1.4 Vehicle Replacement GAP Insurance
  4.1.5 Return-to-value GAP Insurance
  4.1.6 Others
4.2 By Type - Global Gap Insurance Revenue & Forecasts
  4.2.1 By Type - Global Gap Insurance Revenue, 2017-2022
  4.2.2 By Type - Global Gap Insurance Revenue, 2023-2028
  4.2.3 By Type - Global Gap Insurance Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Gap Insurance Market Size, 2021 & 2028
  5.1.2 Small Vehicles
  5.1.3 Heavy Trucks
5.2 By Application - Global Gap Insurance Revenue & Forecasts
  5.2.1 By Application - Global Gap Insurance Revenue, 2017-2022
  5.2.2 By Application - Global Gap Insurance Revenue, 2023-2028
  5.2.3 By Application - Global Gap Insurance Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Gap Insurance Market Size, 2021 & 2028
6.2 By Region - Global Gap Insurance Revenue & Forecasts
  6.2.1 By Region - Global Gap Insurance Revenue, 2017-2022
  6.2.2 By Region - Global Gap Insurance Revenue, 2023-2028
  6.2.3 By Region - Global Gap Insurance Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Gap Insurance Revenue, 2017-2028
  6.3.2 US Gap Insurance Market Size, 2017-2028
  6.3.3 Canada Gap Insurance Market Size, 2017-2028
  6.3.4 Mexico Gap Insurance Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Gap Insurance Revenue, 2017-2028
  6.4.2 Germany Gap Insurance Market Size, 2017-2028
  6.4.3 France Gap Insurance Market Size, 2017-2028
  6.4.4 U.K. Gap Insurance Market Size, 2017-2028
  6.4.5 Italy Gap Insurance Market Size, 2017-2028
  6.4.6 Russia Gap Insurance Market Size, 2017-2028
  6.4.7 Nordic Countries Gap Insurance Market Size, 2017-2028
  6.4.8 Benelux Gap Insurance Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Gap Insurance Revenue, 2017-2028
  6.5.2 China Gap Insurance Market Size, 2017-2028
  6.5.3 Japan Gap Insurance Market Size, 2017-2028
  6.5.4 South Korea Gap Insurance Market Size, 2017-2028
  6.5.5 Southeast Asia Gap Insurance Market Size, 2017-2028
  6.5.6 India Gap Insurance Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Gap Insurance Revenue, 2017-2028
  6.6.2 Brazil Gap Insurance Market Size, 2017-2028
  6.6.3 Argentina Gap Insurance Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Gap Insurance Revenue, 2017-2028
  6.7.2 Turkey Gap Insurance Market Size, 2017-2028
  6.7.3 Israel Gap Insurance Market Size, 2017-2028
  6.7.4 Saudi Arabia Gap Insurance Market Size, 2017-2028
  6.7.5 UAE Gap Insurance Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 ALA
  7.1.1 ALA Corporate Summary
  7.1.2 ALA Business Overview
  7.1.3 ALA Gap Insurance Major Product Offerings
  7.1.4 ALA Gap Insurance Revenue in Global Market (2017-2022)
  7.1.5 ALA Key News
7.2 Admiral
  7.2.1 Admiral Corporate Summary
  7.2.2 Admiral Business Overview
  7.2.3 Admiral Gap Insurance Major Product Offerings
  7.2.4 Admiral Gap Insurance Revenue in Global Market (2017-2022)
  7.2.5 Admiral Key News
7.3 AXA
  7.3.1 AXA Corporate Summary
  7.3.2 AXA Business Overview
  7.3.3 AXA Gap Insurance Major Product Offerings
  7.3.4 AXA Gap Insurance Revenue in Global Market (2017-2022)
  7.3.5 AXA Key News
7.4 Warranty Direct (BNP Paribas Cardif)
  7.4.1 Warranty Direct (BNP Paribas Cardif) Corporate Summary
  7.4.2 Warranty Direct (BNP Paribas Cardif) Business Overview
  7.4.3 Warranty Direct (BNP Paribas Cardif) Gap Insurance Major Product Offerings
  7.4.4 Warranty Direct (BNP Paribas Cardif) Gap Insurance Revenue in Global Market (2017-2022)
  7.4.5 Warranty Direct (BNP Paribas Cardif) Key News
7.5 AAA
  7.5.1 AAA Corporate Summary
  7.5.2 AAA Business Overview
  7.5.3 AAA Gap Insurance Major Product Offerings
  7.5.4 AAA Gap Insurance Revenue in Global Market (2017-2022)
  7.5.5 AAA Key News
7.6 Nationwide
  7.6.1 Nationwide Corporate Summary
  7.6.2 Nationwide Business Overview
  7.6.3 Nationwide Gap Insurance Major Product Offerings
  7.6.4 Nationwide Gap Insurance Revenue in Global Market (2017-2022)
  7.6.5 Nationwide Key News
7.7 Allianz
  7.7.1 Allianz Corporate Summary
  7.7.2 Allianz Business Overview
  7.7.3 Allianz Gap Insurance Major Product Offerings
  7.7.4 Allianz Gap Insurance Revenue in Global Market (2017-2022)
  7.7.5 Allianz Key News
7.8 Covea Insurance
  7.8.1 Covea Insurance Corporate Summary
  7.8.2 Covea Insurance Business Overview
  7.8.3 Covea Insurance Gap Insurance Major Product Offerings
  7.8.4 Covea Insurance Gap Insurance Revenue in Global Market (2017-2022)
  7.8.5 Covea Insurance Key News
7.9 Direct Gap
  7.9.1 Direct Gap Corporate Summary
  7.9.2 Direct Gap Business Overview
  7.9.3 Direct Gap Gap Insurance Major Product Offerings
  7.9.4 Direct Gap Gap Insurance Revenue in Global Market (2017-2022)
  7.9.5 Direct Gap Key News
7.10 Motoreasy
  7.10.1 Motoreasy Corporate Summary
  7.10.2 Motoreasy Business Overview
  7.10.3 Motoreasy Gap Insurance Major Product Offerings
  7.10.4 Motoreasy Gap Insurance Revenue in Global Market (2017-2022)
  7.10.5 Motoreasy Key News
7.11 Click4Gap
  7.11.1 Click4Gap Corporate Summary
  7.11.2 Click4Gap Business Overview
  7.11.3 Click4Gap Gap Insurance Major Product Offerings
  7.11.4 Click4Gap Gap Insurance Revenue in Global Market (2017-2022)
  7.11.5 Click4Gap Key News
7.12 Esurance
  7.12.1 Esurance Corporate Summary
  7.12.2 Esurance Business Overview
  7.12.3 Esurance Gap Insurance Major Product Offerings
  7.12.4 Esurance Gap Insurance Revenue in Global Market (2017-2022)
  7.12.5 Esurance Key News
7.13 USAA
  7.13.1 USAA Corporate Summary
  7.13.2 USAA Business Overview
  7.13.3 USAA Gap Insurance Major Product Offerings
  7.13.4 USAA Gap Insurance Revenue in Global Market (2017-2022)
  7.13.5 USAA Key News
7.14 Allstate
  7.14.1 Allstate Corporate Summary
  7.14.2 Allstate Business Overview
  7.14.3 Allstate Gap Insurance Major Product Offerings
  7.14.4 Allstate Gap Insurance Revenue in Global Market (2017-2022)
  7.14.5 Allstate Key News
7.15 Progressive
  7.15.1 Progressive Corporate Summary
  7.15.2 Progressive Business Overview
  7.15.3 Progressive Gap Insurance Major Product Offerings
  7.15.4 Progressive Gap Insurance Revenue in Global Market (2017-2022)
  7.15.5 Progressive Key News
7.16 Zurich Insurance
  7.16.1 Zurich Insurance Corporate Summary
  7.16.2 Zurich Insurance Business Overview
  7.16.3 Zurich Insurance Gap Insurance Major Product Offerings
  7.16.4 Zurich Insurance Gap Insurance Revenue in Global Market (2017-2022)
  7.16.5 Zurich Insurance Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Gap Insurance Market Opportunities & Trends in Global Market
Table 2. Gap Insurance Market Drivers in Global Market
Table 3. Gap Insurance Market Restraints in Global Market
Table 4. Key Players of Gap Insurance in Global Market
Table 5. Top Gap Insurance Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Gap Insurance Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Gap Insurance Revenue Share by Companies, 2017-2022
Table 8. Global Companies Gap Insurance Product Type
Table 9. List of Global Tier 1 Gap Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Gap Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Gap Insurance Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Gap Insurance Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Gap Insurance Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Gap Insurance Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Gap Insurance Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Gap Insurance Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Gap Insurance Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Gap Insurance Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Gap Insurance Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Gap Insurance Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Gap Insurance Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Gap Insurance Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Gap Insurance Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Gap Insurance Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Gap Insurance Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Gap Insurance Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Gap Insurance Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Gap Insurance Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Gap Insurance Revenue, (US$, Mn), 2023-2028
Table 30. ALA Corporate Summary
Table 31. ALA Gap Insurance Product Offerings
Table 32. ALA Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 33. Admiral Corporate Summary
Table 34. Admiral Gap Insurance Product Offerings
Table 35. Admiral Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 36. AXA Corporate Summary
Table 37. AXA Gap Insurance Product Offerings
Table 38. AXA Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 39. Warranty Direct (BNP Paribas Cardif) Corporate Summary
Table 40. Warranty Direct (BNP Paribas Cardif) Gap Insurance Product Offerings
Table 41. Warranty Direct (BNP Paribas Cardif) Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 42. AAA Corporate Summary
Table 43. AAA Gap Insurance Product Offerings
Table 44. AAA Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 45. Nationwide Corporate Summary
Table 46. Nationwide Gap Insurance Product Offerings
Table 47. Nationwide Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 48. Allianz Corporate Summary
Table 49. Allianz Gap Insurance Product Offerings
Table 50. Allianz Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 51. Covea Insurance Corporate Summary
Table 52. Covea Insurance Gap Insurance Product Offerings
Table 53. Covea Insurance Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 54. Direct Gap Corporate Summary
Table 55. Direct Gap Gap Insurance Product Offerings
Table 56. Direct Gap Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 57. Motoreasy Corporate Summary
Table 58. Motoreasy Gap Insurance Product Offerings
Table 59. Motoreasy Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 60. Click4Gap Corporate Summary
Table 61. Click4Gap Gap Insurance Product Offerings
Table 62. Click4Gap Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 63. Esurance Corporate Summary
Table 64. Esurance Gap Insurance Product Offerings
Table 65. Esurance Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 66. USAA Corporate Summary
Table 67. USAA Gap Insurance Product Offerings
Table 68. USAA Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 69. Allstate Corporate Summary
Table 70. Allstate Gap Insurance Product Offerings
Table 71. Allstate Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 72. Progressive Corporate Summary
Table 73. Progressive Gap Insurance Product Offerings
Table 74. Progressive Gap Insurance Revenue (US$, Mn), (2017-2022)
Table 75. Zurich Insurance Corporate Summary
Table 76. Zurich Insurance Gap Insurance Product Offerings
Table 77. Zurich Insurance Gap Insurance Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Gap Insurance Segment by Type in 2021
Figure 2. Gap Insurance Segment by Application in 2021
Figure 3. Global Gap Insurance Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Gap Insurance Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Gap Insurance Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Gap Insurance Revenue in 2021
Figure 8. By Type - Global Gap Insurance Revenue Market Share, 2017-2028
Figure 9. By Application - Global Gap Insurance Revenue Market Share, 2017-2028
Figure 10. By Region - Global Gap Insurance Revenue Market Share, 2017-2028
Figure 11. By Country - North America Gap Insurance Revenue Market Share, 2017-2028
Figure 12. US Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Gap Insurance Revenue Market Share, 2017-2028
Figure 16. Germany Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 17. France Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Gap Insurance Revenue Market Share, 2017-2028
Figure 24. China Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 28. India Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Gap Insurance Revenue Market Share, 2017-2028
Figure 30. Brazil Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Gap Insurance Revenue Market Share, 2017-2028
Figure 33. Turkey Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Gap Insurance Revenue, (US$, Mn), 2017-2028
Figure 37. ALA Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Admiral Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. AXA Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Warranty Direct (BNP Paribas Cardif) Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. AAA Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Nationwide Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Allianz Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Covea Insurance Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Direct Gap Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Motoreasy Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Click4Gap Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. Esurance Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 49. USAA Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 50. Allstate Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 51. Progressive Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 52. Zurich Insurance Gap Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)